Ascendiant Capital Maintains Buy on Quantum Computing, Lowers Price Target to $8.75
Portfolio Pulse from Benzinga Newsdesk
Ascendiant Capital analyst Edward Woo has maintained a Buy rating on Quantum Computing Inc. (NASDAQ: QUBT) but has reduced the price target from $9 to $8.75.
November 24, 2023 | 3:16 pm
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NEUTRAL IMPACT
Ascendiant Capital maintains a Buy rating on QUBT but lowers the price target from $9 to $8.75, indicating a slight adjustment in valuation but continued positive outlook.
The reduction in price target is minor, suggesting a small adjustment in the expected valuation of QUBT. However, maintaining a Buy rating indicates that the analyst still has a positive view on the company's prospects. This could lead to a neutral short-term impact on the stock price as the market digests the mixed signals of a lower price target with a continued Buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100